DOCSLIB.ORG

Towards a More Inclusive Economy

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Towards a More Inclusive Economy THE GLOBAL COMMON GOOD: TOWARDS A MORE INCLUSIVE ECONOMY Vatican City, Casina Pio IV, 11 – 12 July, 2014 Seminar Description p. Agenda p. List of Participants p. Pontifical Council for Justice and Peace p. Participant Biographies p. The Global Common Good: Towards a More Inclusive Economy “No” to an economy of exclusion […] Human beings are themselves considered consumer goods to be used and then discarded. We have created a “throw away” culture which is now spreading. It is no longer simply about exploitation and oppression, but something new. Exclusion ultimately has to do with what it means to be a part of the society in which we live; those excluded are no longer society’s underside or its fringes or its disenfranchised – they are no longer even a part of it. The excluded are not the “exploited” but the outcast, the “leftovers”. In this context, some people continue to defend trickle-down theories which assume that economic growth, encouraged by a free market, will inevitably succeed in bringing about greater justice and inclusiveness in the world. This opinion, which has never been confirmed by the facts, expresses a crude and naïve trust in the goodness of those wielding economic power and in the sacralized workings of the prevailing economic system. Meanwhile, the excluded are still waiting. To sustain a lifestyle which excludes others, or to sustain enthusiasm for that selfish ideal, a globalization of indifference has developed. Almost without being aware of it, we end up being incapable of feeling compassion at the outcry of the poor, weeping for other people’s pain, and feeling a need to help them, as though all this were someone else’s responsibility and not our own. The culture of prosperity deadens us; we are thrilled if the market offers us something new to purchase. In the meantime all those lives stunted for lack of opportunity seem a mere spectacle; they fail to move us. Evangelii Gaudium, n. 53-54 - 2 - The Global Common Good: Towards a More Inclusive Economy Seminar Description A more inclusive economy, according to the seminar discussion paper for the closed-door seminar, will be “based on respect for the dignity of the human person” and be “supported by justice, temperance and the culture of gift and gratuity.” In practice it will show itself “capable of marking a substantial change in the conditions, styles and models of life of all humanity, preserving and improving the environment for current and future generations.” Pope Francis recognizes the great contributions made by business and finance to human development over the centuries. The world’s economic leaders “have demonstrated their aptitude for being innovative and for improving the lives of many people by their ingenuity and professional expertise.” Through this seminar, the Holy Father continues to challenge how the economy can extend the benefits and reverse the gaping inequalities and worsening exclusions. As Pope Francis said earlier this year, global business and financial communities “can further contribute by putting their skills at the service of those who are still living in dire poverty.” To debate such issues and propose constructive remedies is important, timely, and indeed urgent for all of humanity including Catholics and believers worldwide who are ready to work harder for a better world. It is through this seminar that Pontifical Council for Justice and Peace (PCJP) hopes to gain additional insights and help in better understanding how to improve the shared lot of humankind within a globalized economy, and enable an estimated 2 billion people to escape from dire poverty. The seminar materials confirm that Catholic Social Teaching does not fight a market-based economy provided it operates in a coordinated fashion and is oriented toward the common good; where the free market develops with inclusivity, stability, transparency and democracy (rather than an oligarchy). This means an economy that considers its political and philosophical base as well as its financial impact. About Pontifical Council of Justice and Peace Pontifical Council of Justice and Peace promotes justice and peace in the world, in the light of the Gospel and the social teaching of the Catholic Church. Activities include action-oriented studies, collaborating with a vast network of Bishops’ Conferences and other institutions, organizations or movements within the Church and beyond it, the intellectual world all those promoting justice, peace and respect for human dignity. The President of PCJP is Cardinal Peter K.A. Turkson, the Secretary is Bishop Mario Toso, S.D.B., the Undersecretary is Dr. Flaminia Giovanelli. - 3 - The Global Common Good: Towards a More Inclusive Economy Current Agenda Casina Pio IV – July 11 & 12 2014 – Vatican City Friday July 11 2014 2.00pm or earlier Arrival at Hotel Columbus Via della Conciliazione, 33 - 00193 Roma | tel. +39 06.6865435 2.30pm – 3.00pm Transfer by bus from Hotel Columbus to Casina Pio IV inside Vatican City 3.00pm – 3.20pm Welcome and Introductory Remarks H. Ex. Msgr. Marcelo Sánchez Sorondo Chancellor of the Pontifical Academy of Sciences H. Em. Peter K. A. Card. Turkson President of the Pontifical Council for Justice and Peace 3.20pm – 3.50pm Overview of the Responses to the Pre-Conference Questionnaire Sr. Prof. Helen Alford, OP Dean of the Faculty of Social Sciences at the Pontifical University of St. Thomas Aquinas (the Angelicum), Consultor of the Pontifical Council for Justice and Peace 3.50 pm – 4.15pm Overview of the Principal Objectives of the Seminar and of the Discussion Paper Provided Prior to the Conference H. Ex. Mons. Mario Toso, SDB Secretary of the Pontifical Council for Justice and Peace 4.15pm – 4.45pm Coffee break 4.45pm – 6.30pm Anthropological and Social Reductionism of Today’s Economic Thought and Activities: Challenges to Civilizing Globalization - open discussion regarding the second and third questions (n.2 and 3) from the Discussion Paper Moderator: Sr. Prof. Helen Alford, OP Dean of the Faculty of Social Sciences at the Pontifical University of St. Thomas Aquinas (the Angelicum), Consultor of the Pontifical Council for Justice and Peace Rapporteur: Prof. Luigino Bruni Professor of Economics at LUMSA University in Rome 7.00pm Return bus to Hotel Columbus 8.00pm Dinner at Hotel Columbus - 4 - The Global Common Good: Towards a More Inclusive Economy Saturday July 12 2014 7.00am – 8.30am Breakfast at Hotel Columbus Optional 8.00am – 8.15am Transfer by bus for anyone that would like to attend Mass to be celebrated by H. Em. Peter Card. Turkson. 8.15am – 8.45am Mass to take place in English Immediately following Mass, bus transfer will take place to Casina Pio IV 8.45am – 9.00am Transfer by bus from Hotel Columbus to Casina Pio IV for participants not attending the Holy Mass 9.00am – 10.30am Finance, Trade, Labor, Work, and Taxation - open discussion regarding the fourth question (n.4) from the Discussion Paper Moderator: Dr. Onno Ruding Former Minister of Finance of The Netherlands and past Member of the Pontifical Council for Justice and Peace Rapporteur: Prof. Leonardo Becchetti Professor of Economics at the University of Tor Vergata in Rome 10.30am – 11.00am Coffee break 11.00am – 12.30pm Towards the Global Family with New Rules and Institutional Design - open discussion regarding fifth and sixth questions (n.5 and 6) of the Discussion Paper Moderator: Prof. Michel Camdessus Former Managing Director of the International Monetary Fund, Honorary Governor of the Bank of France, Member of the Pontifical Council for Justice and Peace Rapporteur: Prof. Stefano Zamagni Professor of Economics at the University of Bologna, Adjunct Professor of International Economics - Johns Hopkins University, SAIS Europe, Consultor of the Pontifical Council for Justice and Peace 1.00pm – 3.00pm Lunch in the presence of the Holy Father: to take place at Casina Pio IV inside Vatican City - 5 - The Global Common Good: Towards a More Inclusive Economy 3.00pm – 4.30pm Discussion of the Post-2015 Development Agenda and Sustainable Development Goals - bringing together a collective perspective Moderator: Prof. Simona Beretta Professor of Economics at the Faculty of Political Sciences of the Catholic University of the Sacred Heart in Milan, Consultor of the Pontifical Council for Justice and Peace Rapporteur: Prof. André Habisch Professor of Christian Social Ethics and Society at the Catholic University of Eichstätt-Ingolstadt 4.30pm – 5.30pm Open discussion regarding a Draft Statement of the Group Moderator: Dr. Flaminia Giovanelli Undersecretary of the Pontifical Council for Justice and Peace Rapporteurs: H. Ex. Mons. Mario Toso and Prof. Stefano Zamagni 5.30pm – 6.00pm Coffee break 6.00pm – 6.30pm Concluding Remarks in the presence of invited Diplomatic Corps and representatives of the media H. Em. Peter K. A. Card. Turkson President of the Pontifical Council for Justice and Peace 7.00pm Return bus to Hotel Columbus 8.00pm Closing Dinner at Hotel Columbus WIFI in the Casina Pio IV’s Conference Hall: Network: WLAN_PADS Username: guest Password: password - 6 - The Global Common Good: Towards a More Inclusive Economy Conference Participants INTERNATIONAL INSTITUTIONS 1. BADRÉ Bertrand (France), Managing Director and CFO of World Bank Group 2. CARNEY Mark J. (Canada), Chairman of the G20’s Financial Stability Board 3. GURRÍA José Ángel (Mexico), Secretary-General of the Organisation for Economic Co-operation and Development (OECD) 4. KABERUKA Donald (Rwanda), President of the African Development Bank 5. KAYIZZI- MUGERWA Steve (Uganda), Director of the Research Department at the African Development Bank 6. KITUYI Mukhisa (Kenya), Secretary-General of the United Nations Conference on Trade and Development (UNCTAD) 7. KOCHHAR Kalpana (India), Deputy Director, Strategy, Policy and Review of the International Monetary Fund (IMF) 8. MOHAMMED Amina (Kenya), UN Assistant Secretary General; UN Secretary- General’s Special Adviser on the Post-2015 Development Agenda 9.
Load more

Recommended publications
  • The Mexican Business Class and the Processes Of
    /?s % THE MEXICAN BUSINESS CLASS AND THE PROCESSES OF GLOBALIZATION TRENDS AND COUNTER-TRENDS Alejandra Salas-Porras London School of Economics Thesis submitted in fulfilment of the requirements for the degree of Doctor in Philosphy in November of 1996 UMI Number: U615514 All rights reserved INFORMATION TO ALL USERS The quality of this reproduction is dependent upon the quality of the copy submitted. In the unlikely event that the author did not send a complete manuscript and there are missing pages, these will be noted. Also, if material had to be removed, a note will indicate the deletion. Dissertation Publishing UMI U615514 Published by ProQuest LLC 2014. Copyright in the Dissertation held by the Author. Microform Edition © ProQuest LLC. All rights reserved. This work is protected against unauthorized copying under Title 17, United States Code. ProQuest LLC 789 East Eisenhower Parkway P.O. Box 1346 Ann Arbor, Ml 48106-1346 T h £ S £ S F 95 e British 1 ™£c°mmicsa.Z 121 ABSTRACT This thesis discusses the globalising processes undergone by a segment of the Mexican business class, notably: the spaces of the world economy they control; their links to social and political networks of global scope, as well as to global movements and currents of thought; and the interests, strategies, projects and perceptions which they share with their counterparts around the world. It argues that they have become one of the main and most powerful forces for the integration of the country in the global capitalist system. Globalising processes lived and promoted by the Mexican business class are contradictory in several respects: on one hand, modernisation, institutionalisation and depersonalisation of corporate structures and of the system of business representation; is hindered by business clientelism and corruption in party funding.
    [Show full text]
  • Growthovation
    innGROWTHovation 2004 annual report and 2005 proxy statement Corning today: CORNING INCORPORATED IS A DIVERSIFIED TECHNOLOGY COMPANY WITH A RICH HISTORY SPANNING MORE THAN 150 YEARS. CORNING CONCENTRATES EFFORTS ON HIGH-IMPACT GROWTH OPPORTUNITIES WORLDWIDE.WE COMBINE OUR EXPERTISE IN SPECIALTY GLASS, CERAMIC MATERIALS, POLYMERS AND THE MANIPULATION OF THE PROPERTIES OF LIGHT WITH STRONG PROCESS AND MANUFACTURING CAPABILITIES TO DEVELOP, ENGINEER AND COMMERCIALIZE SIGNIFICANT INNOVATIVE PRODUCTS FOR THE FLAT PANEL DISPLAY, TELECOMMUNICATIONS, ENVIRONMENTAL AND LIFE SCIENCES MARKETS. James R. Houghton Chairman & Chief Executive Officer to our Shareholders: CORNING INCORPORATED’S PERFORMANCE DURING 2004 TELLS A STORY NOT ONLY OF TURNAROUND, BUT OF GROWTH. IT IS A STORY NOT ONLY OF SURVIVING THE GREATEST CHALLENGES IN OUR HISTORY, BUT OF THRIVING AGAIN IN SOME OF THE WORLD’S MOST EXCITING TECHNOLOGY MARKETS. For two years in a row, Corning management and staff all I Protecting our financial health over the world have delivered significant improvement for our shareholders, continuing to implement the plan our Corning’s liquidity remains strong. We ended the year with Management Committee formulated and launched in mid- $1.9 billion in cash and short-term investments — exceeding 2002. We have rebuilt a strong financial foundation for the the target we had set for ourselves. Our $2 billion revolving company — and in turn, we have been able to invest in credit agreement remains untouched, just as it has been for several significant growth initiatives that are building our the past several years. strategic position and yielding returns for our shareholders. We reduced our overall debt to less than $2.7 billion.
    [Show full text]
  • 'Politieke Partijen Hebben Kansen'
    Jaargang 8, nummer 83, 26 februari 2018 'Politieke partijen hebben kansen' Gerrit Voerman: Groei moeilijk, maar wel mogelijk Politieke partijen hebben, ondanks de gestage teruggang, toekomstkansen. 'Het is moeilijk om nieuwe leden te winnen', zegt Gerrit Voerman, hoogleraar aan de Rijksuniversiteit Groningen. 'Maar het blijkt mogelijk. En het is nodig.' Het Documentatiecentrum Nederlandse Politieke Partijen publiceerde deze maand de jaarlijkse stand: een groei van het ledenaantal met 10 procent, grotendeels dankzij Forum voor Democratie. 'Een verkiezingsjaar laat altijd aanwas zien', zegt Voerman. 'Wat opvalt is de sterke groei voor Baudet’s FvD met name onder jongeren. Het blijkt mogelijk om, met inzet van sociale media, jongeren aan je te binden.' Lees verder › Het karwei Het karwei zit er op. Vorige week heeft Nederland afscheid genomen van Ruud Lubbers, de langstzittende minister-president. Als leider van drie kabinetten tussen 1982 en 1994 loodste 'Ruud Shock' het land door de grootste crisis sinds de Tweede Wereldoorlog. Bij zijn overlijden werd hij geprezen als een icoon van een tijdperk. Net als Drees eerder. Premier Mark Rutte herdacht zijn voorganger tijdens de herdenkingsdienst in Rotterdam. Lubbers' biografie staat op www.parlement.com. Lees verder › Grafrede bij het afscheid van de politieke partij Column Geerten Bogaard, universitair docent Leiden '…Wij zijn hier bijeen om de politieke partij in de gemeenten te begraven. U ziet nog geen kist, maar die komt straks wel. Dat maakt voor deze gelegenheid ook niet zo veel uit. Want voor zover u al niet zeker weet dat politieke partijen op sterven na dood zijn, dan hoopt u daar in ieder geval sterk op.
    [Show full text]
  • PASS Acta 16
    Crisis in a Global Economy. Re-planning the Journey Pontifical Academy of Social Sciences, Acta 16, 2011 www.pass.va/content/dam/scienzesociali/pdf/acta16/acta16-mlcoch.pdf BUSINESS LEADERSHIP SINE SPECIE AETERNITATIS IRRESPONSIBILITY IN A GLOBAL SPACE LUBOMÍR MLCˇ OCH Motto: ‘The conviction that man is self-sufficient and can successfully eliminate the evil present in history by his own action alone has led him to confuse happiness and salvation with immanent forms of material prosperity and social action’. CariTas in VeriTaTe, 34 1. BUSINESS LEADERSHIP TO BE LEARNT Allow me, please, To sTarT wiTh a personal confession and an expression of graTiTude. I have no pracTical experience wiTh business leadership of greaT corporaTions – perhaps wiTh The excepTion of a very special, involun- Tary, fifTeen-year ‘sabbaTical’ in a Prague facTory during The communisT regime. Also, for hisTorical reasons, There is no equivalenT To The English word ‘leader’ in The Czech language. Two similar Czech words ‘vu˚dce’ and ‘vedoucí’ have negaTive connoTaTions: The firsT one calls To mind The German word ‘Führer’ from The period of The Nazi ProTecToraTe and The second indi- caTed a leading parTy cadre in The command economy for 40 years. Hence, The English Term ‘leader’ is now used in The Czech milieu. Readers are asked To noTe These reservaTions. For These reasons iT was imporTanT for us To learn a proper meaning of business leadership afTer The fall of communism. For six years, 1997-2002, I had an excepTional opporTuniTy To parTicipaTe in ‘The Leadership Forum Prague’ projecT. The firsT U.S. CaTholic universiTy GeorgeTown/WashingTon, D.C.
    [Show full text]
  • Honors Committee Uniapac Foundation Board Think Tank Meeting
    3068-Drifosett-v02.qxp_Mise en page 1 23/05/16 12:29 Page1 HONORS COMMITTEE UNIAPAC FOUNDATION BOARD THINK TANK MEETING Report of the working sessions held March 10th, 2016 by the Think Tank of the UNIAPAC Foundation Paris 2016 3068-Drifosett-v02.qxp_Mise en page 1 23/05/16 12:29 Page2 3068-Drifosett-v02.qxp_Mise en page 1 23/05/16 12:29 Page3 INDEX 1. Preface: Conceptual Note: Risk, At the Source of Life, and Introduction by Pierre Lecocq, Chairman of the Board, Uniapac Foundation. 9 2. Panel I: "High drama in the anthropology of risk" by Dr. Jonathan Skinner, Reader in Social Anthropology Department of Life Sciences, University of Roehampton, UK. 12 3. Panel II: Systemic versus interpersonal risk: The alternative of Catholic Social Thought and the 'civil economy' tradition' by Dr. Jonathan Skinner, Reader in Social Anthropology Department of Life Sciences, University of Roehampton, UK. 24 4. After The Crisis, Towards an Economic Ethos for The 21st Century, Michel Camdessus 32 5. The Entrepreneur and Risk, Stefano Zagmani 44 6. Open discussion moderated by Professor Michael Naughton, director of the Center for Catholic Studies at the University of St Thomas. 48 7. Conclusions and final remarks of the morning session by Jose Ignacio Mariscal, past-President of Uniapac International, Mexico. 60 Panel III: "The notion of risk from a theological perspective'' 8. Introduction by Mgr. Osvaldo Neves de Almeida, section for relations with States, Secretariat of State of the Holy See. 62 9. Presentation by Father Baudoin Roger, co-director of the Department "Economy, Man, Society”; Collège des Bernardins, France.
    [Show full text]
  • THE GLOBAL QUEST for TRANQUILLITAS ORDINIS Pacem in Terris , Fifty Years Later
    The Pontifical Academy of Social Sciences XVIII Plenary Session THE GLOBAL QUEST FOR TRANQUILLITAS ORDINIS Pacem in Terris , Fifty Years Later 27 April-1 May 2012 • Casina Pio IV Introduction p . 3 Programme p. 5 List of Participants p. 10 Biographies of Participants p. 12 Memorandum p. 18 Holy Masses p. 19 SCIE IA NT EM IA D R A V C M A S S O O O A A I I I C C C C C C I I I I I I I I A A A A A A A F F F I I I I L L L L L L T T T T I I I I V V V N N N N M M O O O P P P VAtICAn CIty 2012 Peace is a gift which God entrusts to human responsibility, to be fo - stered through dialogue and respect for the rights of all, through re - conciliation and through forgiveness. In the prophecy of Zechariah, Jesus found not only the image of the king of peace arriving on a donkey, but also the vision of the slain shepherd, who saves by his death, as well as the image of the Pierced One on whom all eyes will gaze. As Prefect, Pilate represented Roman law, on which the Pax Romana rested – the peace of the empire that spanned the world. this peace was secured, on the one hand, through Rome’s military might. But mil - itary force alone does not generate peace. Peace depends on justice. (Benedict XVI, Angelus 28 March 2010; Jesus of Nazareth ; Vatican City 2011, pp.
    [Show full text]
  • The Conservative Embrace of Progressive Values Oudenampsen, Merijn
    Tilburg University The conservative embrace of progressive values Oudenampsen, Merijn Publication date: 2018 Document Version Publisher's PDF, also known as Version of record Link to publication in Tilburg University Research Portal Citation for published version (APA): Oudenampsen, M. (2018). The conservative embrace of progressive values: On the intellectual origins of the swing to the right in Dutch politics. [s.n.]. General rights Copyright and moral rights for the publications made accessible in the public portal are retained by the authors and/or other copyright owners and it is a condition of accessing publications that users recognise and abide by the legal requirements associated with these rights. • Users may download and print one copy of any publication from the public portal for the purpose of private study or research. • You may not further distribute the material or use it for any profit-making activity or commercial gain • You may freely distribute the URL identifying the publication in the public portal Take down policy If you believe that this document breaches copyright please contact us providing details, and we will remove access to the work immediately and investigate your claim. Download date: 25. sep. 2021 The conservative embrace of progressive values On the intellectual origins of the swing to the right in Dutch politics The conservative embrace of progressive values On the intellectual origins of the swing to the right in Dutch politics PROEFSCHRIFT ter verkrijging van de graad van doctor aan Tilburg University op gezag van de rector magnificus, prof. dr. E.H.L. Aarts, in het openbaar te verdedigen ten overstaan van een door het college voor promoties aangewezen commissie in de aula van de Universiteit op vrijdag 12 januari 2018 om 10.00 uur door Merijn Oudenampsen geboren op 1 december 1979 te Amsterdam Promotor: Prof.
    [Show full text]
  • Elisa Wirsching Best Dissertation Prize Winner Msc Political Science and Political Economy 2016-17
    Elisa Wirsching Best Dissertation Prize Winner MSc Political Science and Political Economy 2016-17 [email protected] The Revolving Door for Political Elites: An Empirical Analysis of the Linkages between Government Officials’ Professional Background and Financial Regulation A dissertation submitted to the Department of Government, the London School of Economics and Political Science, in part completion of the requirements for the MSc in Political Science and Political Economy. August, 2017 9,917 Words MSc PSPE – GV499 MSc PSPE – GV499 Abstract Regulatory capture of public policy by financial entities, especially via the revolving door between government and financial services, has increasingly become a subject of intense public scrutiny. This paper empirically analyses the relation between public-private career crossovers of high-ranking government officials and financial policy. Using information based on curriculum vitae of more than 400 central bank governors and finance ministers from 32 OECD countries between 1973-2005, a new dataset was compiled including details on officials’ professional careers before as well as after their tenure and data on financial regulation. Time-series cross-sectional analyses show that central bank governors with past experience in the financial sector deregulate significantly more than governors without a background in finance (career socialisation hypothesis). Using linear probability regressions, the results also indicate that finance ministers, especially from left-wing parties, are more likely to be hired by financial entities in the future if they please their future employers through deregulatory policies during their time in office (career concerns hypothesis). Thus, although the revolving door effects differ between government officials, this study shows that career paths and career concerns of policy-makers should be taken into account when analysing financial policy outcomes.
    [Show full text]
  • It044 440000-519999
    Ronald Reagan Presidential Library Digital Library Collections This is a PDF of a folder from our textual collections. WHORM Subject File Code: IT044 (International Monetary Fund) Case file Number(s): 440000-519999 To see more digitized collections visit: https://www.reaganlibrary.gov/archives/digitized-textual-material To see all Ronald Reagan Presidential Library inventories visit: https://www.reaganlibrary.gov/archives/white-house-inventories Contact a reference archivist at: [email protected] Citation Guidelines: https://reaganlibrary.gov/archives/research- support/citation-guide National Archives Catalogue: https://catalog.archives.gov/ WITHDRAWAL SHEET Ronald Reagan Library Collection: WHORM Subject File Archivist: cas/cas File Folder: Date: February 19, 1997 DATE . _RESTRICTION ............. .... ·9. eabl (459967) RESTRICTION CODES ,S Presidential Records Act - (44 U.S.C. 2204(a)] Freedom of Information Act• (5 U.S.C. 552(b)) P-1 National security classified infonnation f(a)(1) of the PRA). F-1 National security classified infonnation f(b)(1) of the FOIA). P-2 Relating to appointment to Federal office f(a)(2) of the PRAI, F-2 Release could disclose internal personnel rules and practices of an agency ((b)(2) of P-3 Release would violate a Federal statute f(a)(3) of the PRA). lhe FOIAI. P-4 Release would disclose trade secrets or confidential commercial or financial F-3 Release would violate a Federal statue f(b)(3) of the FOIA). infonnation f(a)(4) of the PRAI, F-4 Release would disclose trade seaets or confidential commercial or f1nanc1al P-5 Release would disclose confidential advice between the President and his advisors, or infonnation f(b)(4) of the FOIA).
    [Show full text]
  • The Transformation of the Financial Services Industry
    Financial Stability Institute Occasional Paper No 2 The transformation of the financial services industry H Onno Ruding, Vice-Chairman, Citibank March 2002 The views expressed in this paper are those of their author and not necessarily the views of the Financial Stability Institute or the Bank for International Settlements. Copies of publications are available from: Financial Stability Institute Bank for International Settlements CH-4002 Basel, Switzerland E-mail: [email protected] Tel: +41 61 280 9989 Fax: +41 61 280 9100 and +41 61 280 8100 This publication is available on the BIS website (www.bis.org). © Financial Stability Institute 2002. Bank for International Settlements. All rights reserved. Brief excerpts may be reproduced or translated provided the source is cited. ISSN 1020-8461 Foreword It is a pleasure for me to introduce the second occasional paper published by the Financial Stability Institute. Apart from creating an awareness of, and providing information on, topics of interest to financial sector supervisors, these papers are also intended to provide food for thought on issues currently driving change in the financial sector. In many cases supervisors will be required to respond to these changes, often in ways that have far-reaching implications for financial markets. The Financial Stability Institute believes that Dr H Onno Ruding, currently Vice-Chairman of the Citibank Group and formerly the Minister of Finance of The Netherlands, is ideally placed to provide a balanced view on the topic of the transformation of the financial services industry. He has been exposed to the workings and vagaries of financial markets from both the public and private sectors.
    [Show full text]
  • The Role of the Catholic Church in the Process of European Integration XIV International Conference Cracow, 26-27 September 2014
    The Role of the Catholic Church in the Process of European Integration XIV International Conference Cracow, 26-27 September 2014 The Social Market Economy: An Answer to the Crisis? Flaminia Giovanelli Undersecretary Pontifical Council for Justice and Peace First of all, I would like to thank, in a special way, Cardinal Dziwisz and His Excellency Msgr. Pieronek for having invited me to participate in this important annual meeting of the Conference on “The Role of the Catholic Church in the process of European integration” and to speak on a European theme, in the town whose Pastor was Saint John Paul II for so many years. These two facts lead me back in time: the first one, to more than fifty years ago when I lived in Brussels and attended the European School there; and, the second, to the years of the pontificate of our Saint Pope, who was elected when I was in my fourth year of service in the then Pontifical Commission Iustitia et Pax. The proposed topic—that is, a reflection on the social market—also evokes the past, a much more distant one, because the structure of the social market economy is rooted, as we well know, in a period of history that even preceded World War I. Now, in these days that event is commemorated in various parts of Europe. Precisely for this reason, before trying to answer the question that is the title of my lecture: “The Social Market Economy: An Answer to the Crisis?”, I will attempt to respond to another question: does it still makes sense to think today in terms of this model of economic development? I.
    [Show full text]
  • 2752-Drifosett-05.Qxp Mise En Page 1 23/04/14 10:59 Page1
    2752-Drifosett-05.qxp_Mise en page 1 23/04/14 10:59 Page1 UNIAPAC FOUNDATION HUMAN SUSTAINABILITY IN A CONTEXT OF WORLD COMPLEXITY Report on the working sessions celebrated by the UNIAPAC Foundation Think Tank December 13th, 2013 Paris 2752-Drifosett-05.qxp_Mise en page 1 23/04/14 10:59 Page2 Uniapac Foundation Honors Committee Dr. Michel Albert Perpetual Secretary of the Académie des Sciences Moraleset Politiques, former President of Assurances Générales de France. Dr. Michel Camdessus President of la Société de Financement de l’Economie Française, former General manager International Monetary Fund, former Governor of Banque de France. Lord Brian Griffiths Honorable Member of the House of Lords. Director of the Center for Enterprise, Markets and Ethics (Oxford University). Bishop Christian Krause former President of the World Lutherian Federation (Germany). Pr. Michael Naughton Professor of Economy at Saint Thomas University (USA). Dr. Lorenzo Servitje Founder and Chairman of the Bimbo Group, Mexico, Former Chairman of USEM (UNIAPAC Mexico). Pr. Hernando de Soto Chair of Institute for Liberty and Democracy (Peru). Dr. Jérôme Vignon President Les Semaines Sociales, former Director at European Union Commission. Pr. Philippe de Woot Professor of economy, Catholic University of Louvain (Belgium). Pr. Stefano Zamagni Professor of Economy, Bologna University, President of the Italian Commission for Non-Profit Sector, Economic Advisor for the Holy See. Spiritual Adviser: Father Edouard Herr, S.J. Think Tank Coordinator: Rodrigo Whitelaw, General Delegate Uniapac Foundation. Transcription: Gwénola Robin, Uniapac International Staff Assistant. Uniapac Foundation Board Members Pierre Lecocq President UNIAPAC Foundation, Past President of Uniapac International and Past President of “les EDC” (UNIAPAC France), President & CEO INERGY Automotive Systems.
    [Show full text]